Coefficient of Variation

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Coefficient of Variation

Postby Apprentice » Mon Jan 08, 2018 6:44 am

USDSEK H2 (01-08-2018 1055).png

Based on. ... iation-DW/

This is a simple gauge of volatility using the Coefficient of Variation.
COV is calculated by dividing standard deviation of price by the expected (average) price.
Custom color scheme indicates increases and decreases in volatility, which is indicated when the COV forms new half period highs and lows.
Coefficient of Variation.lua
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The indicator was revised and updated
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